Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1887-03-09

CHICAGO. March S-Thc speculation In wheat.
which has been steadily Increasing for weok
past leaped all bounds to-day, and the scene
Ia tie Dit during 10th sessions wns very Wild.
There was continuation 81 the upward move
uent from the start, the nrst sales for May Do
livery being made Mt Y3t.c., or 40. higher than
last nights closing, followed by aduck adynncs
70 Sl,c, with FREQ buying all the way up. This
was followed by a sharp decline 20 sac, fol-
lowed by another upward movement which was
not stayed until S6c. had been touched. Ino
dealing was confined almost entirely 70 MAY
delivery, other options being neglected., nni no
outward evidences we're such that "sqqeeze"
In that month was 10 bo attempted. Tue OK
element Ia the pit during the advance wtsyory
great The "shorts were thoroughly alarmed:
aud the short interest u now acknowledged
10 be so large that this advance Of skc.
from the low prices current last week meant
tremendous pronts and consequent large iosz.es
amongthe speculators. TWAS conceded that tho
bull leaders who could push wheat In ths Taco
Of the heavy selling aud generally besrish
tone Of the market for months must be very
powerful and wen equipped for the night ThD
advance OF May from s3Ac. 10 Soc was almost
instantaneous The opinions As 10 the power
under the advance were "a many almost ~ tho
operators In the pit After tho top was touched.
and even before IL, there WAS heavy selling oy
some Of the power Identified with the bull
side. The market sold on s3hc., and cioaed
there at O'Clock. In tho afternoon May rose
sgain TO s5hc., but the offerings suddenly grew
20 be very large. Fer q time the market was
but enc romoye from pantc. MAY starter
in apparently very strong, but tmmo-
diately tegan breaking under the enor-
nous offerings. and dropped by Nc. 20 Sac.
There was combined -Olld rush u sell out. III
the broker could not get what he wanted Tor 10
he took what he could get Around s3Ac tho
feeling became steadier, and prices recovered
20 size, finally closing at $3.50. Everything
except wheat was entirely neglected. The
market. Notwithstanding its violent iiuctua-
tons, closed lc. higher than ON last night ON
the "curb" late In the afternoon mo price was
s4Ac. There f. n very broad suspicion that
rnoneycd combination cOutsmp plates q
"squeezen In wheat, but tho interesting pro-
iic:n Tex The sleculalegio decide now Il, Who
Is under wheat" But probas.y 10 VIII De
found that there are number OF citlues under
Il. There is q Cincinnati, San Francisco, New
York, and Chicago clique under different 500
tlons Of IT, May and June were quoted at tho
same figures at the opening; but May at ono
time commanded at premium VI lsc. over
June: hut this was reduced 20 &c. at the close.
The best prices In corn were had early, WHOM
May Was i0Ac. Later 10 got down To VIC, but
toward the cloae recovered little nom this
figure, selling NJ i0i6c. There were no special
features I'm the market. Pretty much all hog
products developed into slow and featurolces
sort OF deal, but prices were firm, and made
a little advance.
CINCINNATI
CINCINNATI. March S--Flour qulot Wheat
strong; No. 2 red, Sic. Corn steady; No. =
|
3ONc. Pork quiet at si650. Lard stronger nj
$50 Bulk-meats neglected but hold higher.
Bacon firm and unchanged. Whiskey steady
atul3 Hogs active and frm; common and
light, ii.s5asL9; packing and butchers, soooa
'" WILMINGTON.
wuNIYdros. v. c., March s-Turpennne
firm at Sec. Resin lrm; strained, NC. |:
coed, s2Hc. Tar firm at $40. Crude turpen-
tine firm hard, 81 yellow-dip and virgin. sl.D.
LOUISVILLE.
LOUISVILLE. March Strain quiet. Wheat
No. . red SO. Corn--No. mixed, 40c. white,
| ilc oats-No. ,. Bic. Provisions quiet.
NEW YORK COTTON FUTURES.
| NEW YORK, March a-COttOn-Not recelpts'
| 1856 bales; gross receipts. 5,s2i bales. Flu
lures closed steady; sales. ISL 800 bales March,
| June. s9.9s; July, t99sas9.99; August. fl0.0j
| September, 1919; December, ts.isassio.
LIVERPOOL COTTON MARKET.
| LIVERPOOL. March s--SOoh-Cotton firm,
| with coed demand: uplsnds, 5.l6i. Orleans,
| sgd. sales, 10000 bales Speculation and or.
| port, 1000 bales. Futures steady March and
| April. ls-64d. April and May, D ls6ia3 -6ii.
! May and June, l9-otaj lS6id. June and July
| g0-6fa5 i9-6id.; July and August. 3 elisa
| a-Cid.; August and September, 5 ~ Ola
5 2a-Gid.; September and October, i5-6id.
| Wheat strong demand fair; holders Offer
| sparngly: California No. l, 7s. 9t.a1s. I'D.
| red western spring, -. 4d.s7s. d.; red western
| winter, ~ fd.a5s. 81. Corn firm; demand fair.
Iard-Prime western, "a and Oh. Receipts,
| 5000 bales; American, 1890 bales.
| r.. M-sales OF American, 1890 bales
March. it'd, seller; March aud April,
5 l7-Gid.. seller; April aud May, ) H-6id.. sell.
err; MAY and June. 1851, buyer; June aud
July, 5 1904. July and August. 2i-6ii. ;
| August and September 22-9id.. buyer: Sep
tember and October, l7-0id., seller. Futures
quiet
PETERSBURG PEANUT MARKET.
Reported for the Dlspatchl
| MARCH 9-Receipts continue light and tbs
| market quiet aHd inactive. No transactions
| changod-viz.: Primo, 3kc. extra prime, 34c.;
choice, &c. Spanish In demand at SIC.
NORFOLK PEANUT MARKET.
lReported for the Dispa,ch.l
| MARCH S-Market dull Primo, 3HalIc
fancy DC . common. lLaE,: shelled. Sale.